Saudi government has signed a contract worth SR500 million ($133 million) for the setting up of an hospital at the Taibah University in Madinah, said a report.

Minister of Higher Education, Dr Khalid Al-Anqari signed the contract, reported the Saudi Press Agency (SPA).

The university's rector Dr Adnan bin Abdullah Al-Mazrou lauded the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and the Crown Prince for supporting higher education including Taibah University.